The Retirement Gamble

Synopsis

Hilton Smith, a PhD candidate, faces challenges in securing funding for his research on America's retirement crisis. Many Americans struggle to save for retirement, with half reporting they cannot afford to set aside money. The average retirement fund has lost $122,000. Martin Smith investigates how 401(k) and IRA accounts are managed by financial institutions, raising concerns about fees and risks. Workers increasingly borrow from their retirement accounts, reflecting a growing financial insecurity across the country.